Tag Archive for 100k

Mahagram India’s leading Business Correspondent will deploy over 100000 Aadhaar ATMs and BC outlets across India. This initiative will be one of such moment in the digital empowerment of the Indian rural sector, which is also a part of the PM Digital India Initiative.

Aadhaar Enabled Payment System or AEPS is a payment service developed by the National Payments Corporation of India (NPCI) allowing banks, financial institutions to use “Aadhaar” number and online UIDAI authentication for transactions through their respective Business correspondent service centers. AEPS, a new age banking service has been approved by the Reserve Bank of India (RBI). The AEPS allows transaction using Aadhaar and biometric authentication and enables a person to carry out multiple financial transactions on a micro-ATM provided by a banking correspondent. AEPS enables an Aadhaar holder to avail of banking services through real time Aadhaar authentication. Read more